Market / MetaTrader 4 / Experts /

True Range Pro

495 USD

Demo downloaded: 734

Published: 10 September 2020

Current version: 8.10

True Range Pro

Name: True Range Pro
Price: 495.00 USD
Rating: 4.111111 (9 reviews)
Author: Smart Forex Lab.

4.11

Experts
Smart Forex Lab.
Version: 8.10
Updated: 15 January 2024
Activations: 10

Accurate Night Scalping & Smart Grid System

True Range Pro enters the market in the night session using indicators modified on the basis of machine learning to open a position. Dynamic order grid can be applied when price moves against open positions. The special Active Order option significantly increases performance when the number of open positions increases. Trailing Stop and Drawdown Stop options can be applied for additional account protection

Depending on the position volume, True Range Engine can provide both stable and low-risk performance as well as ultra-high performance.

Features

100% automated trades
Hard stoploss for every position
Dynamic basket takeprofit
High spread protection
Fixed & Auto volume
Arithmetic/Geometric Volume Progression
Trailing stop
Active Order
Drawdown Stop
Backtested in 2000-2023 (every tick, 100% history quality)
Optimized for 2010-2023

Guidelines

Time: GMT+3 / GMT+2 (summer / winter)
Leverage: 1:100+
ECN account
$1000 per 0.01l
EURUSD, M5 default
! v6.10 and above is not compatible with previous versions !

Links

True Range Pro MT5
Products
Signals
Telegram @smartforexlab

Inputs

--- Common ---

Magic
Comment
Positions Direction Max, pos
Volume Position Max, lot
Spread Max, point
Direction (Long/Short/LongShort)

DIR_LONG
DIR_SHORT
DIR_LONGSHORT

Timeframe In (to open positions)
Action Type (Tick/Bar)

ACT_TYPE_TICK (new tick)
ACT_TYPE_BAR (new bar)

--- Time ---

Time On (for first position only)
Time Off (for first position only)

--- Volume ---

Type (Fixed/Relative)

VOL_TYPE_FIXED (fixed volume - Volume Fixed Value)
VOL_TYPE_RELATIVE (relative volume - Balance/VolumeRelativeValue*VolumeFixedValue)

Fixed Value, lot (Fixed:lot=FixedValue)
Relative Value, $ (Relative:lot=Balance/RelValue*FixValue)
Progression Type (Arithmetic:lot=last+PrgValue/Geometric:lot=last*PrgValue)

PRG_TYPE_ARITH

PRG_TYPE_GEO

Progression Value (0-unused)

--- Levels ---

Basket Takeprofit, point (0-unused)
Basket Takeprofit2 Position, pos
Basket Takeprofit2, point (0-unused)
Position Stoploss, point (0-unused)
Grid Back, point (0-unused)

---- Pattern ---

RSI Period, bar
RSI High Level
ATR Period, bar
ATR Counter, bar
ATR Factor, %

--- Trailing ---

Breakeven Start, point (0-unused)
Trailing Start, point (0-unused)
Trailing Distance, point

--- Active Position ---

Active Position, pos (0-unused)
Active Takeprofit, point

--- Overlap ---

Overlap Position, pos (0-unused)
Overlap Value, % of position profit

--- Equity Stop ---

Type (Fixed:$ of balance/Relative:% of balance)

FIXED
RELATIVE

Value (0-unused,>0-profit control,<0-loss control)

--- Display ---

Trades (none/metatrader/ea)

DISP_NONE
DISP_MT
DISP_EA

Color Buy ( clrNone-unused )
Color Sell ( clrNone-unused )

more...

nyer15 2024.01.03 03:14 #

I have older version and the latest version of True Range Pro on my different MT4. Would the older version still work as usual? or an update to the latest one is necessary?

1087

Trade2222 2022.01.14 16:45 #

No trade since install EA, when its Trade, write a new comment..

edit

it does not act every day.

at the moment it does what it is supposed to.

Thanks

158

ktyong 2020.11.23 06:05 #

This EA is back by active support on telegram which is important for continuation of being profitable. Vendor will advice and recommend if it needs to turnoff during uncertainty period.

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AI-Powered Trading Cortex EA is a cutting-edge Expert Advisor designed for Gold or XAUUSD and GBPUSD. It utilizes neural networks, AI, and machine learning for smart, low-risk trades. Unlike risky strategies like martingale, Cortex EA focuses on safety and adapting to market changes in real-time. Join our MQL5 community for updates, tips, and exclusive content. AI Cortex MT5 Version AI Cortex EA setup blog Promo Price: $599 for the first 3 purchases | Next Price: $749 Key Features AI-powere

599 USD

Turbo performance comes first. Attention! The phrases machine learning, neural networks, AI, GPT, ... and other buzzwords are not used in the desccription and operation of the EA. Just catching overbought/oversold in the Asian session using the grid, human brain, experience and a lot of backtests. True Turbo uses a grid of orders with preset stop loss and take profit settings, which allows traders to capture market movements and manage risks. This helps traders capitalize on market trends

195 USD

Your own copy system MT4 signal provider via Telegram Telegram isn't just for sending and receiving chat messages. It's also for automating your work flow. The combined use of MetaGram and Telegram bots allows you to send, receive and manage messages and even get your own copying system. Sharing trades with your subscribers is now such a simple process with this easy-to-use MetaGram app for MT4. Once you have connected MetaGram to your trading account and Telegram, your trades are sent immediat

FREE

Traffic Pro EA analizes market conditions during the quiet Asian session and opens the trades after the price goes out of range. To protect the funds DD Stop system can be used. Features 100% automated trades Hard stoploss for every position Dynamic basket takeprofit High spread protection Fixed & Auto volume Optimized & Backtested in 2010-2023 (every tick, 100% history quality) Guidelines Time: GMT+3 / GMT+2 (summer / winter) Leverage: 1:100+ ECN account Min deposit: $400 for defau

195 USD

Non-indicator Range Trading System New edition of FX Rover advisor - improved perfomance, updated software engine and inputs. Optimized & backtesed on real ticks with 99% quality in 2010-2022, сompatible with EURUSD, EURJPY, CADCHF, AUDNZD, AUDCHF, AUDJPY, AUDCAD. FX Rover P EA trades pending orders from the borders of the calculated range. The grid of orders is activated if necessary. Features Indicatorless 100% automated Stoploss for every position (optional) Drawdown stop to prevent a

145 USD

195 USD

145 USD

Accurate Night Scalping & Smart Grid System The True Range Pro EA is a fully automated expert advisor that trades at night and exploits price reversion. The EA trades using limit orders with stop loss and take profit. This EA works best on EURUSD. The True Range Pro is designed to work on the MetaTrader 4/5 platform. It is easy to install and comes with detailed instructions on how to set it up. The EA is optimized for use on the M5 timeframe and can be used on any broker that offers the Met

495 USD

145 USD

Filter:

nyer15 2024.01.03 03:14 #

I have older version and the latest version of True Range Pro on my different MT4. Would the older version still work as usual? or an update to the latest one is necessary?

1787

mt4_jupo 2023.08.25 09:42 #

User didn't leave any comment to the rating

223

newcm 2022.05.03 12:37 #

Very very very bad ea

1248

CashTrader 2022.03.05 09:48 #

Ich habe den EA zum Testen für einen Monat gemietet. Auf meinem 12.000€ Konto gab es in 3 Tagen Gewinne in Höhe von 54€ und offene Positionen mit 1306€ Verlust. Bisher kann ich dafür noch nicht einmal einen Stern geben. :-O

Update 30.03.2022:

Den anfänglichen Drawdown habe ich ausgehalten. Zum Glück! Nach einem Monat stehen 13,3% Plus auf dem Konto. Davon habe ich den EA gekauft. :-)

Update 29.04.2022:

Nach dem Preisverfall bei EURUSD und GBPUSD hat sich mein Konto leider halbiert. Nachdem tagelang Positionen durch SL mit 3- bis 4-stelligen Verlusten geschlossen wurden, habe ich den EA deaktiviert. Das Ergebnis ist mit -50% leider noch katastrophaler als das Monitoring des EA-Anbieters (https://www.mql5.com/en/signals/721761).

1087

Trade2222 2022.01.14 16:45 #

No trade since install EA, when its Trade, write a new comment..

edit

it does not act every day.

at the moment it does what it is supposed to.

Thanks

15093

Reply from developer Aleksei Ostroborodov 2022.01.14 21:29 #

https://www.mql5.com/en/signals/543025
https://www.mql5.com/en/signals/721761

119

amado33311 2021.09.04 21:39 #

very risky , it blew half of my account and i interfered manually to close the losing positions , because i asked for advice here and on telegram and nobody answered me

158

ktyong 2020.11.23 06:05 #

This EA is back by active support on telegram which is important for continuation of being profitable. Vendor will advice and recommend if it needs to turnoff during uncertainty period.

2266

PUI SIU GEOFFREY CHEN 2020.11.23 05:08 #

True Range series has a long history of success and is one of my main weapon in my portfolio. It has been working for me for many months with profit.

160

gullyho 2020.11.23 02:37 #

Awesome EA with excellent support. The EA may not be for the faint hearted but for those who can stand the large fluctuation in equity while the trade is underway, will be rewarded handsomely in closed profit. Highly recommended EA and supervalue for money. Your investment will be pay for and more.

1848

Eduard Mushkatin 2020.11.23 02:31 #

Very good and stable working EA. Some time ago I have purchased as well TRP MT4 as the TRP MT5 EA versions and let them trade with the recommended EU and GU sets on different accounts with outstanding results. Currently I have all in all 6 EAs from the Smart Forex Lab and all of them are excellent.

312

Paul 2020.11.11 12:40 #

Another quality designed and engineered (and just as importantly, fully supported and maintained) EA from Smart Forex Lab. I have personally used the original True Range since it was first published back in May 2019. It has consistently generated healthy profits month after month. I have now upgraded to using True Range Pro to take advantage of it's additional features and benefits, such as the dynamic basket takeprofit, which will hopefully generate even greater profits with reduced drawdown.

15093

Reply from developer Aleksei Ostroborodov 2020.11.11 12:55 #

Thanks, Paul

Version 8.10 2024.01.15

Minor fixes

Version 8.0 2024.01.07

Major update.
+ Updated structure of input parameters
+ Updated visualisation of trades

!!! Settings are not compatible with previous versions !!!

Default settings are identical to version 6.30

Version 6.30 2023.10.18

+ FIFO compatibility
+ Arithmetic/geometric volume progression
+ Active order
+ Trailing stop
+ Overlap
+ Profit label
+ New settings

Version 6.10 2023.01.11

Major update
+ New software core
+ New settings
- FIFO
- Progression
- Active Order
- Active Stoploss
- Overlap

! Not compatible with previous versions !

Version 4.10 2022.07.14

v4.1
+ ActiveOrder option - сlosing the recent position (starting from ActiveNumber) separately from the basket with the specified ActiveTakeprofit. The option provides a performance improvement of up to 30%.
+ New settings with account protection. The DDStop option limits the drawdown to 35%.
+ Minor improvements

Version 3.0 2021.08.12

US FIFO compatibility
Trailing stop
New settings

Version 2.10 2021.04.19

FIFO compability, new default settings

Input parameters
+FIFO compatible: FIFO compability
+Stopped: stopping a new cycle
-Timeframe (the current)
-Grid 2

Version 1.1 2020.10.18

Timeframe parameter deleted
Stopped parameter added to stop a new cycle
Default settings changed